Micro Focus Int'l's FY revenue slumps 12%

Micro Focus International said its full-year revenue came in at $3.2bn, down 12% on the year-earlier period, but up 1% when adjusted for divestitures and forex moves.

Its FY operating profit was $749m, representing an improved operating margin of 23.4%.

Fourth-quarter revenue was $903m, down 6% on the year but flat when adjusted for divestitures and forex moves. Q4 operating profit was $290m, revealing an improved operating margin of 32.1%.